Stanchion, Tai Fintech drive advanced issuer solutions in Kenya

According to MasterCard, the two organisations will develop an integrated solution capable of processing a wide range of corporate transactions.

According to the company, the advisors will support its leadership team and portfolio founders while also strengthening its global network.

Cross Switch intends to use its scalable global payments infrastructure to provide Kenyan retailers easy acceptance across numerous payment channels.

A recently-signed Memorandum of Understanding will be key in helping to train 250 000 data protection officers per year.

The two firms are joining forces to expand digital financial services in Ethiopia, leveraging the Telebirr platform to enhance financial inclusion.

The projected growth is due to rising internet penetration and financial inclusion in Africa, as the continent rapidly takes up digital transformation.

Africa’s digital payments economy is set to grow from strength to strength according to a Mastercard-commissioned report by Genesis Analytics stating that the digital payments economy is expected to reach $1.5 trillion by 2030.

The partnership aims to enable the creation of card services that serve both specialised use cases and unbanked communities.

An economic outlook published by Mastercard has highlighted digital adoption and advances made by the East African country, which are helping to support strong economic growth.

WigWag is returning to the Stitch umbrella as a redesigned solution called Stitch Express.

Mastercard says Ghana offers fertile ground for the company to enhance its geographical presence in West Africa.